NIFTY 50 INDEX SQUARING LOW O5 AUG 2024 MID SEASONAL DATENifty 50 Gann Analysis using Mid Seasonal date of 05 Aug 2024. The first set of blue colored Location points are the lows before the ATH formed on 26 sept 2024. These lows are used to draw Gann Angles on growth phase in green color. The second set of blue colored Location points show the price squared to past historical lows. The third set of Location points in red color are used to draw Gann angles on decay phase. Gann students can observe the price action symmetry on the Gann angles. The Gann anglerrently important is from the recent low of Nov 05 2024. We see squeeze of Gann angles at current time. eventually we will move of the shadow of the decay angle coming from the ATH. We have squared the time on Nov 08 and the low till date is important for furthet trend on Nifty 50. 23800 is big squaring on monthly time frame. Staying above is positive for Nifty 50 and vice versa.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.